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2755 E 58th Street, Huntington Park, CA – $1,900,000

  • $1.9M Price
  • $1.9M Price

2755 E 58th Street

The property sits on 6,682 square feet of land and consists of five two-bedroom units and four one-bedroom units totaling 5,864 rentable square feet. A new owner will benefit from multiple enclosed garages providing space for eight vehicles or for additional storage. There is also potential to create an additional income stream via the currently unused laundry room located at the rear of the property. This offering is a true value-add opportunity with approximately 46% upside in rents. The average rent at 2755 E 58th Street is only $1,100 per unit while similar one-bedroom units in Huntington Park are averaging $1,550 per month and two-bedroom units are achieving $1,800 per month. With a proper renovation program, a savvy investor can realize the delta between current and market rents to dramatically improve income. The property is ideally situated approximately 4.5 miles from DTLA and among the 10, 5, 710, 105, and 110 Freeways.

Essential Information

  • MLS® #21680040
  • Price$1,900,000
  • Bathrooms0.00
  • Lot Square Footage6,682
  • Year Built1930
  • TypeResidential Income
  • StatusActive

Community Information

  • Address2755 E 58th Street
  • CityHuntington Park
  • CountyLos Angeles
  • StateCA
  • Zip Code90255

Area

T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc

Interior

  • # of Stories2

Additional Information

  • Date ListedJanuary 13th, 2021
  • ZoningHPR3YY
  • HOA Fees0.00

Listing Details

  • AgentRoderick 'rick' Raymundo
  • OfficeMarcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of June 13th, 2021 at 6:36pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.